.....Advertisement.....
.....Advertisement.....

Tame inflation gives Fed ammo for bond-buying plan

-A A +A
By Associated Press

WASHINGTON (AP) — Consumer prices barely changed for the third straight month, strengthening the Federal Reserve's hand at a time when it is defending a plan to boost the economy by buying more government debt.

Extraordinarily low inflation was a major impetus for the Fed program to spend $600 billion buying Treasury bonds. A report Wednesday from the Labor Department showed that inflation remains super-low.

A steep rise in gasoline prices drove the consumer price index up 0.2 percent in October, the fourth straight monthly increase. But excluding volatile food and energy costs, core consumer prices were unchanged for the third straight month. In the past year, the core index has risen only 0.6 percent, the smallest increase since the index began in 1957.

The data also comes on the same day the Commerce Department said construction of new homes and apartments sank 11.7 percent last month to a seasonally adjusted annual rate of 519,000 units. That was mainly because apartment construction, which represents less than 20 percent of the housing market, fell by more than 40 percent. The much larger single-family home category fell 1.1 percent.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday